Market Overview:
The global innovative superhard material market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for synthetic diamond and cubic boron nitride in various applications such as stone and construction, abrasives category, composite polycrystalline tool, and others. North America is expected to lead the global innovative superhard material market during the forecast period owing to the presence of major players in this region. Asia Pacific is projected to be the fastest-growing region during the forecast period due to rising demand for synthetic diamond and cubic boron nitride from countries such as China and India.
Product Definition:
An innovative superhard material is a substance that has been designed or discovered to have exceptional resistance to wear and tear. This makes it an ideal choice for components in high-stress applications, such as those found in the aerospace and automotive industries.
Synthetic Diamond:
Synthetic diamond is a type of industrial-useful mineral, which is manufactured by chemical synthesis. It has characteristics similar to natural diamonds and possesses additional properties that make it useful for various applications in cutting, drilling, machining and other processes. Synthetic diamonds are also used as an abrasive material in the production of tools or equipment for metal or glass cutting applications.
Cubic Boron Nitride:
Cubic boron nitride (CBN) is a solid material, which has hexagonal crystalline structure. It was discovered in 1940 and first produced by Avram Davidson at the University of California. The material has high thermal stability and low thermal conductivity. These properties make it suitable for use as an innovative superhard material for various applications including cutting tools, hard discs, military equipment parts or even cancer treatment devices.
Application Insights:
The global innovative superhard material market is segmented based on application into stone and construction, abrasives category, composite polycrystalline tool, others. The stone and construction application segment led the market in 2017 owing to the high demand for building materials from developing countries such as China and India. In addition, factors such as increasing infrastructural development activities across the globe are expected to augment product demand over the forecast period.
Abrasives category application is projected to grow at a CAGR of XX% from 2018 to 2030 owing to growing use of diamond products in various applications including glass cutting/polishing/surfacing along with its derivatives such as cubic boron nitride (cBN) which has higher hardness than synthetic diamonds. Furthermore, cBN exhibits superior properties including wear resistance compared with synthetic diamonds thus propelling its demand worldwide over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries, such as aerospace & defense, automotive, construction, energy & power. In addition, increasing investments by governments for infrastructure development are anticipated to drive product demand in Asia Pacific over the forecast period.
The European market was valued at USD X million in 2016 and is projected to witness significant growth over the coming years owing to growing R&D activities relatedto innovative materials used for manufacturing components with superior strength and high durability. Moreover, presence of major manufacturers engagedin producing these products coupled with favorable government regulations will augment industry growth duringthe forecast period.
Growth Factors:
- Increasing demand for high-performance materials in the automotive and aerospace industries
- Growing investments in R&D by leading players to develop new and innovative products
- Rising demand from emerging economies such as China and India
- Increasing use of superhard materials in manufacturing processes to improve product quality and performance
- Growing awareness about the benefits of using superhard materials among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Innovative Superhard Material Market Research Report
By Type
Synthetic Diamond, Cubic Boron Nitride
By Application
Stone and Construction, Abrasives Category, Composite Polycrystalline Tool, Others
By Companies
Element Six, Sandvik, ILJIN Diamond, Zhongnan Diamond, Huanghe Whirlwind, Sino-Crystal Diamond, JINQU Superhard, CR GEMS, Anhui HongJing, SF-Diamond, Yalong Superhard Materials, Saint-Gobain, Sumitomo Electric Industries, Tomei Diamond, FUNIK, Famous Diamond, Besco Superabrasives, Zhengzhou Zhong Peng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Innovative Superhard Material Market Report Segments:
The global Innovative Superhard Material market is segmented on the basis of:
Types
Synthetic Diamond, Cubic Boron Nitride
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Stone and Construction, Abrasives Category, Composite Polycrystalline Tool, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Element Six
- Sandvik
- ILJIN Diamond
- Zhongnan Diamond
- Huanghe Whirlwind
- Sino-Crystal Diamond
- JINQU Superhard
- CR GEMS
- Anhui HongJing
- SF-Diamond
- Yalong Superhard Materials
- Saint-Gobain
- Sumitomo Electric Industries
- Tomei Diamond
- FUNIK
- Famous Diamond
- Besco Superabrasives
- Zhengzhou Zhong Peng
Highlights of The Innovative Superhard Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Diamond
- Cubic Boron Nitride
- By Application:
- Stone and Construction
- Abrasives Category
- Composite Polycrystalline Tool
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Innovative Superhard Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Innovative superhard materials are materials that have a higher hardness than any other material currently known. They can be made from a variety of substances, including metals, alloys and ceramics.
Some of the key players operating in the innovative superhard material market are Element Six, Sandvik, ILJIN Diamond, Zhongnan Diamond, Huanghe Whirlwind, Sino-Crystal Diamond, JINQU Superhard, CR GEMS, Anhui HongJing, SF-Diamond, Yalong Superhard Materials, Saint-Gobain, Sumitomo Electric Industries, Tomei Diamond, FUNIK, Famous Diamond, Besco Superabrasives, Zhengzhou Zhong Peng.
The innovative superhard material market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Innovative Superhard Material Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Innovative Superhard Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Innovative Superhard Material Market - Supply Chain
4.5. Global Innovative Superhard Material Market Forecast
4.5.1. Innovative Superhard Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Innovative Superhard Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Innovative Superhard Material Market Absolute $ Opportunity
5. Global Innovative Superhard Material Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Innovative Superhard Material Market Size and Volume Forecast by Type
5.3.1. Synthetic Diamond
5.3.2. Cubic Boron Nitride
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Innovative Superhard Material Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Innovative Superhard Material Market Size and Volume Forecast by Application
6.3.1. Stone and Construction
6.3.2. Abrasives Category
6.3.3. Composite Polycrystalline Tool
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Innovative Superhard Material Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Innovative Superhard Material Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Innovative Superhard Material Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Innovative Superhard Material Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Innovative Superhard Material Demand Share Forecast, 2019-2026
9. North America Innovative Superhard Material Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Innovative Superhard Material Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Innovative Superhard Material Market Size and Volume Forecast by Application
9.4.1. Stone and Construction
9.4.2. Abrasives Category
9.4.3. Composite Polycrystalline Tool
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Innovative Superhard Material Market Size and Volume Forecast by Type
9.7.1. Synthetic Diamond
9.7.2. Cubic Boron Nitride
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Innovative Superhard Material Demand Share Forecast, 2019-2026
10. Latin America Innovative Superhard Material Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Innovative Superhard Material Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Innovative Superhard Material Market Size and Volume Forecast by Application
10.4.1. Stone and Construction
10.4.2. Abrasives Category
10.4.3. Composite Polycrystalline Tool
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Innovative Superhard Material Market Size and Volume Forecast by Type
10.7.1. Synthetic Diamond
10.7.2. Cubic Boron Nitride
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Innovative Superhard Material Demand Share Forecast, 2019-2026
11. Europe Innovative Superhard Material Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Innovative Superhard Material Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Innovative Superhard Material Market Size and Volume Forecast by Application
11.4.1. Stone and Construction
11.4.2. Abrasives Category
11.4.3. Composite Polycrystalline Tool
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Innovative Superhard Material Market Size and Volume Forecast by Type
11.7.1. Synthetic Diamond
11.7.2. Cubic Boron Nitride
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Innovative Superhard Material Demand Share, 2019-2026
12. Asia Pacific Innovative Superhard Material Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Innovative Superhard Material Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Innovative Superhard Material Market Size and Volume Forecast by Application
12.4.1. Stone and Construction
12.4.2. Abrasives Category
12.4.3. Composite Polycrystalline Tool
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Innovative Superhard Material Market Size and Volume Forecast by Type
12.7.1. Synthetic Diamond
12.7.2. Cubic Boron Nitride
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Innovative Superhard Material Demand Share, 2019-2026
13. Middle East & Africa Innovative Superhard Material Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Innovative Superhard Material Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Innovative Superhard Material Market Size and Volume Forecast by Application
13.4.1. Stone and Construction
13.4.2. Abrasives Category
13.4.3. Composite Polycrystalline Tool
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Innovative Superhard Material Market Size and Volume Forecast by Type
13.7.1. Synthetic Diamond
13.7.2. Cubic Boron Nitride
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Innovative Superhard Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Innovative Superhard Material Market: Market Share Analysis
14.2. Innovative Superhard Material Distributors and Customers
14.3. Innovative Superhard Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Element Six
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sandvik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ILJIN Diamond
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhongnan Diamond
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huanghe Whirlwind
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sino-Crystal Diamond
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JINQU Superhard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CR GEMS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Anhui HongJing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SF-Diamond
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Yalong Superhard Materials
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Saint-Gobain
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sumitomo Electric Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tomei Diamond
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. FUNIK
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Famous Diamond
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Besco Superabrasives
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Zhengzhou Zhong Peng
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
